Robert Bhat Secures $17.4M Loan For Mixed-Use Property At 918 Fort Wayne Ave In Indianapolis
918 Fort Wayne Avenue, Indianapolis, IN 46202
$17,400,000
$1,276/SF
Building Size
13,631 SF
Asset Type
Mixed-use
Closing
Jan 5, 2022
About this deal
AI
The mixed-use property located at 918 Fort Wayne Ave in Indianapolis has recently undergone a closed transaction. The property consists of 80 units and is situated in a bustling market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Date: 01/05/2022
- Address: 918 Fort Wayne Ave
- Market: Indianapolis
- Units: 80
Represented by Robert Bhat from Marcus & Millichap Capital Corporation, a loan amount of $17,400,000 was secured for this transaction. The loan terms include a non-recourse loan with a term of 10 years and a loan-to-value (LTV) ratio of 70 percent.
Indianapolis Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Robert Bhat to view all their deals.
Browse Indiana mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93